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Rice industry downplays ultimate impact of RCEF

THE Philippine Rice Research Institute (PhilRice) estimates that the cost of production in the Philippines was P12.72 per kilo between 2013 to 2014, while the Thai cost was equivalent to P8.86 and Vietnam’s P6.22. Only Indonesia performed worse at P15.74.

P300 million allocated for Occidental Mindoro farm, fisheries programs

THE Department of Agriculture (DA) said it will provide farmers and fisherfolk in Occidental Mindoro about P300 million worth of projects and programs in 2020.

Polish poultry imports banned after bird flu outbreak

THE Department of Agriculture (DA) has banned imports of Polish domestic and wild birds and their by-products following an outbreak there of the H5N8 variety of Highly Pathogenic Avian Influenza (HPAI), also known as bird flu.

Stocks climb on bargain hunting, Q4 GDP data

PHILIPPINE SHARES continued their positive performance on Thursday on bargain hunting and the release of the country’s gross domestic product (GDP) growth data.

Farm output fails to hit gov’t target

PHILIPPINE agriculture output grew less than a percent in 2019, failing to meet the government’s target as the African Swine Fever (ASF) outbreak dragged the livestock sector.

DA agencies tasked with raising onion, garlic competitiveness

THE Department of Agriculture (DA) said it ordered more plans programs to boost the competitiveness of the Philippine onion and garlic crop.

Farm output seen to have improved

AGRICULTURAL PRODUCTION is seen to have improved in the fourth quarter of 2019 driven by increased spending of Filipinos on food during the Christmas season, and other rice-producing areas filling the gaps for those hit by typhoons in the latter part of the year.

DA provides P2.7M worth of aid to farmers in 3 Batangas...

THE government has awarded an initial P2.708 million worth of assistance to farmers and fisherfolk in Batangas affected by the Taal ashfall.

Cold storage inspections authorized to control ASF

THE Department of Agriculture (DA) has instructed quarantine officers to inspect non-accredited cold storage warehouses and container vans to prevent the entry of African Swine Fever (ASF)-infected pork products.

DoF touts auction for sugar imports

THE Department of Finance (DoF) said it is studying an auction scheme to replace the current system of sugar imports.

Income lost from Taal eruption could hit P4.3B

FOREGONE income from Taal Volcano’s eruption could hit as much as P4.314 billion, equivalent to 0.17% of the region’s economic output in 2018 according to the National Economic and Development Authority (NEDA).

Rice imports rise almost 60% in 2019

RICE IMPORTS in 2019 rose nearly 60% to 2.245 million metric tons (MT), according to initial estimates by the Bureau of Plant Industry (BPI), whose estimate is based on imports authorized under its regime of sanitary permits.

Pork imports from Indonesia banned after ASF outbreak

THE Department of Agriculture (DA) has banned imports from Indonesia of domestic and wild pigs and their by-products due to an outbreak of African Swine Fever (ASF) in North Sumatra province.

Agriculture dep’t accredits Germany, US as sources of frozen beef, poultry

THE Department of Agriculture (DA) has granted Germany and the US two-year accreditations to export frozen beef and poultry to the Philippines.

Bamboo sustainability could be biggest draw; regulations pose a hurdle

THE BAMBOO industry is well-positioned to become an alternative building material with a growing niche because of its sustainability, and very little capital and time needed for farmers who intend to grow the crop, a former agriculture department official said.

Taal Volcano agricultural damage exceeds P3 billion, led by fisheries

CROP DAMAGE due to Taal’s eruption was estimated at P3.17 billion a week after the volcano started emitting ash, with the fisheries sector accounting for more than half of the total, the Department of Agriculture (DA) said.

Damage from Taal hits P3 billion; fisheries most affected

DAMAGE from the eruption of Taal Volcano has reached P3 billion, with the fishery sector suffering the most devastation, the Agriculture department said on Friday.

Palay farmgate prices slightly higher in late December

THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week in the third week of December to P15.66 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

Southern Capital partners with The Table Group

THE Philippine operator of California-based Coffee Bean & Tea Leaf (CBTL) has partnered with Singaporean firm Southern Capital the details of which have yet to be disclosed by the partners.

Poultry prices expected to remain stable following Taal ashfall

POULTRY PRICES are expected to remain stable amid calamity conditions just south of Metro Manila, with a full eruption of Taal Volcano in Batangas still not ruled out.

Palay farmgate price rises 0.1% in mid-December

THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week in the second week of December to P15.64 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

More than P500M worth of crops and livestock damaged by Taal...

TAAL VOLCANO’S eruption has damaged more than P500 million worth of crops and livestock, the Department of Agriculture said on Tuesday.

Taal not yet significantly affecting agriculture, Dar says

AGRICULTURE Secretary William D. Dar said that the ongoing eruption of Taal volcano is not expected to have a significant effect on the performance of the agriculture sector in 2020.

QC keeps watch on small meat retailers over ASF virus

THE QUEZON City government is keeping an eye on small meat retailers since they are more at risk of selling African Swine Fever (ASF)-tainted meats. “The meat supply chain is not just the supermarkets.

Developers expected to sustain double-digit pre-sales growth this year

PHILIPPINE developers are expected to sustain double-digit growth in pre-sales and profit this year, according to the research arm of Morgan Stanley.

Palay procurement funding in 2020 estimated at P53 billion

THE Department of Agriculture (DA) said various agencies are expected to spend about P53 billion this year to purchase palay, or unmilled rice, in order to prop up farmgate prices and help farmers recover from sharp price drops last year.

USDA upgrades PHL 2020 pork output estimate

THE United States Department of Agriculture (USDA) is projecting a 10% decrease in the Philippines pork production for 2020 due to the impact of African Swine Fever (ASF), though it upgraded a previous estimate made in October due to effective disease-containment measures.

Soybean industry targeted for improved production, logistics — DoST

THE Department of Science and Technology (DoST) said it hopes to increase the income of soybean farmers through improved production and more efficient supply chains.

Rice inventory up 14% in early Dec. amid surge in NFA...

THE national rice inventory was estimated at 3.098 million metric tons (MT) as of Dec. 1, up 14% from a year earlier, the Philippine Statistics Authority (PSA) said.

PHL has policy space to address challenges — Diokno

THE Philippines has enough monetary and fiscal policy space to deal with the economic challenges it faces, central bank Governor Benjamin E. Diokno said in his first speech of the year.

Global Ferronickel says Cagdianao ore reserves at 43.3M wet metric tons

GLOBAL Ferronickel Holdings, Inc. (GFNI) said that its expansion project for its Cagdianao mine site has an estimated ore reserves of 43.3 million wet metric tons (WMT) as of October 2019.

Planters on SRA board seek ‘clarification’ on sugar import plan

SUGAR PLANTERS and millers on the Sugar Regulatory Administration (SRA) board said they were not consulted after the agency’s administrator signaled his willingness to allow food processors to import sugar should domestic prices prove uncompetitive.

DA removes post-Fukushima requirements on Japanese produce

THE Department of Agriculture (DA) said it removed the radiation analysis requirement on selected Japanese commodities for import to the Philippines.

Angkas seeks TRO versus new entrants JoyRide, Move It

ANGKAS is seeking a 72-hour temporary restraining order (TRO) against the implementation of a policy allowing the inclusion of JoyRide and Move It in the extended pilot program for motorcycle taxis and imposing a limit on the number of bikers.

Philippine nickel output seen growing at about 8% a year

NICKEL production is expected to increase by over 8% a year in the next few years despite policy uncertainty that could limit project development, Fitch Solutions Macro Research said in a report.

Palay farmgate price resumes upward trend in early December

THE AVERAGE farmgate price of palay, or unmilled rice, resumed its upward path in the first week of December, rising 0.4% to P15.62 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

Manila troops to help evacuate Filipinos in Iraq

By Charmaine A. Tadalan, Vincent Mariel P. Galang and Vann Marlo M. Villegas, Reporters THE Philippines will send troops to help evacuate Filipinos from Iraq, where...

PHL, France discuss expanding agricultural cooperation

THE Philippines and France have met to discuss programs to improve agricultural cooperation and trade, the Department of Agriculture (DA) said.

SRA to allow sugar imports to replace US sugar

THE Sugar Regulatory Administration (SRA) said it approved an Export Replenishment Program that will allow exporters to import the same volume as they shipped out to the US in order to close the domestic sugar supply gap.

Stocks recover on Duterte’s offer to water firms

STOCKS recovered on Tuesday amid favorable developments in the local scene, and investors shrugging off the December 2019 inflation data, which was the fastest since June 2019.

Forced evacuation of Filipinos in Iraq sought

THE country’s special envoy to the Middle East has recommended the forced evacuation of Filipino workers in Iraq amid escalating tensions between the United States and Iran.

Main stock index seen to hit 8,700 to 8,800 this year

PHILSTOCKS Financial, Inc. is seeing the main index finishing the year within the 8,700 to 8,800 level, backed by growth of company earnings and complemented by economic growth despite uncertainties in the local and international fronts.

Cemex rights offer shares priced at P1.54

CEMEX Holdings Philippines, Inc. has set the price for its stock rights offering (SRO) of about 8 billion common shares at P1.54 per common share.

Abra Mining elects new president

ABRA MINING and Industrial Corp. has named a new president and chairman, marking changes in the listed mining company at the start of the new year.

Local shares decline on geopolitical tensions

SHARES failed to sustain their gains on Monday as geopolitical issues caused investors to be more cautious.